Practical guidance on financial distress & restructuring.
Articles, guides and updates on financial distress, restructuring and insolvency, written for business owners and advisors, not lawyers.
Under financial pressure? The latest ASIC data shows turnarounds work – if you move early
More Australian companies are failing than at any time on record. ASIC’s data shows 14,722 companies entered external administration in 2024–25, up a third on the year before, with construction and hospitality hit hardest. The ATO is back to full enforcement – director penalty notices, statutory dem
Read the articleWhy your clients delay the hard decisions, and why it costs them more
You can often see it before the client does. The lodgements slip a quarter. The integrated client account creeps up. The conversation about the ATO debt keeps getting deferred to “after this next job comes in.” As their accountant or advisor, you are frequently the first person with a clear, honest
Read moreCertainty beats hope: why proactive planning protects your clients
Payday Super commences on 1 July 2026, moving superannuation from a quarterly obligation to a per-pay-cycle one.
Read moreSmall Business Restructuring in 2026: Real Outcomes and a Higher Bar from the ATO
Small Business Restructuring (SBR) continues to prove its value as a genuine alternative to liquidation for viable small businesses. We saw this first-hand in March, with two restructuring plans approved that delivered strong, real-world outcomes for creditors while allowing the businesses to conti
Read moreTax Planning Season: Is It Time to Consider an MVL for Your Clients?
An MVL is a formal, solvent liquidation process that allows a company to be wound up in a tax-efficient and compliant manner.
Read moreA Fresh Look for Rapsey Griffiths Turnaround + Advisory
After 13 years, Rapsey Griffiths is entering a fresh new phase with a refreshed brand that better reflect who we are today.
Read moreRapsey Griffiths opens North Coast office in Coffs Harbour
As a Coffs Harbour local, the North Coast office will be led by Casey O’Donohue who has recently returned to the region.
Read moreATO Notices: Consequences of Non-engagement and Steps to Protect Your Business
Receiving ATO notices can lead to legal action, requiring action for business protection. In our article, we address Director Penalty Notices (DPNs), Garnishee Notices, and Statutory Demands.
Read moreIndicators of a Struggling Business: Signs You Shouldn't Ignore
It’s important to stay alert to signs that your client could be in financial distress. Early recognition allows for proactive measures that can potentially steer the business back on track.
Read moreSBR Warning Signs: Why the ATO is Getting Tougher on Small Business Restructuring Plans
Small Business Restructuring (SBR) is designed to give viable businesses a second chance, but the ATO is adopting a stricter stance on what it will support. We’ve already completed multiple successful SBR outcomes this month, thanks to a rigorous, collaborative approach that aligns with what regulat
Read moreSmall Business Restructuring: Why Good Advice Matters More Than Ever
We’re seeing more small business owners misled by unqualified online advisors charging thousands without explaining these risks. Only a person registered with ASIC as a ‘registered liquidator’ can act as a restructuring practitioner of a company or for a restructuring plan.
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